Udemy Inc (NASDAQ:UDMY) Given Average Rating of "Buy" by Analysts – MarketBeat

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Udemy Inc (NASDAQ:UDMY – Get Rating) has been assigned an average rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.50.
Several research firms recently weighed in on UDMY. Zacks Investment Research cut shares of Udemy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 16th. William Blair began coverage on shares of Udemy in a research report on Tuesday, November 23rd. They set an “outperform” rating for the company. Needham & Company LLC cut their price objective on shares of Udemy from $37.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, February 10th. Truist Financial lowered their target price on Udemy from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, December 9th. Finally, Bank of America started coverage on Udemy in a research note on Tuesday, November 23rd. They set a “buy” rating and a $40.00 target price for the company.
Shares of Udemy stock opened at $12.50 on Thursday. The company has a 50-day simple moving average of $15.33. Udemy has a 52-week low of $11.70 and a 52-week high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last announced its earnings results on Tuesday, December 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The business had revenue of $129.60 million during the quarter, compared to the consensus estimate of $125.59 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Udemy will post -0.72 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in shares of Udemy in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Udemy in the fourth quarter valued at approximately $26,000. New York State Common Retirement Fund acquired a new position in shares of Udemy in the fourth quarter valued at approximately $49,000. Citigroup Inc. acquired a new position in shares of Udemy in the fourth quarter valued at approximately $69,000. Finally, Metropolitan Life Insurance Co NY acquired a new position in shares of Udemy in the fourth quarter valued at approximately $94,000.
About Udemy (Get Rating)
Udemy Inc develops educational software solutions. The Company offers an online course in various subjects including technology, Internet, business, creative and performing arts, health and fitness, language and music. Udemy Inc is based in San Francisco, United States.
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Analyst Recommendations for Udemy (NASDAQ:UDMY)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
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